Analyst: BTC trading volume in CEX is 9 times that of ETFs, and ETFs have not yet become the dominant price factor for BTC
Source: Binance
Time: 2025-09-10 20:37:07
According to Shenchao TechFlow, CryptoQuant data shows that analyst Axel Adler Jr said that the average trading volume of centralized exchanges on 7 days is about US$15.8 billion per day, while spot ETFs are US$1.7 billion per day, with centralized exchanges trading volume ratio of ETFs being 9.2:1, and ETFs account for nearly 10% of the total trading volume. The analyst noted that Bitcoin’s price volatility is still mainly driven by centralized exchange trading, with trading volumes almost ten times that of spot ETFs. While ETF inflows increase liquidity and help support trend stability, it has not yet been a major driver of BTC price action.